Suncor Energy Inc. (SU) Stake Lessened by Pring Turner Capital Group Inc.

Pring Turner Capital Group Inc. reduced its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 5.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,885 shares of the oil and gas producer’s stock after selling 4,890 shares during the quarter. Suncor Energy accounts for 3.9% of Pring Turner Capital Group Inc.’s portfolio, making the stock its 8th biggest holding. Pring Turner Capital Group Inc.’s holdings in Suncor Energy were worth $3,052,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in Suncor Energy by 127.4% in the second quarter. Janney Montgomery Scott LLC now owns 47,332 shares of the oil and gas producer’s stock valued at $1,925,000 after acquiring an additional 26,514 shares during the period. Bessemer Group Inc. bought a new position in Suncor Energy in the second quarter valued at about $111,000. Eqis Capital Management Inc. bought a new position in Suncor Energy in the second quarter valued at about $491,000. Raymond James Financial Services Advisors Inc. lifted its holdings in Suncor Energy by 23.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 71,447 shares of the oil and gas producer’s stock valued at $2,907,000 after acquiring an additional 13,424 shares during the period. Finally, First Manhattan Co. lifted its holdings in Suncor Energy by 136.0% in the second quarter. First Manhattan Co. now owns 4,000 shares of the oil and gas producer’s stock valued at $162,000 after acquiring an additional 2,305 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE SU traded up $0.92 during trading on Monday, hitting $33.21. The company had a trading volume of 102,679 shares, compared to its average volume of 4,535,452. The company has a quick ratio of 0.59, a current ratio of 0.93 and a debt-to-equity ratio of 0.29. Suncor Energy Inc. has a 12 month low of $31.33 and a 12 month high of $42.55. The company has a market capitalization of $52.23 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 1.48 and a beta of 1.00.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Wednesday, October 31st. The oil and gas producer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.25. Suncor Energy had a return on equity of 11.11% and a net margin of 12.66%. The firm had revenue of $8.31 billion during the quarter, compared to analysts’ expectations of $9.29 billion. During the same quarter last year, the business posted $0.52 earnings per share. Research analysts anticipate that Suncor Energy Inc. will post 2.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 24th. Investors of record on Monday, December 3rd will be given a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Friday, November 30th. Suncor Energy’s dividend payout ratio is currently 72.19%.

Several research analysts have recently commented on the company. GARP Research raised Suncor Energy from a “neutral” rating to a “buy” rating in a research note on Monday, October 22nd. Zacks Investment Research reaffirmed a “hold” rating on shares of Suncor Energy in a research note on Friday, November 16th. AltaCorp Capital raised Suncor Energy from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, October 17th. Canaccord Genuity set a $65.00 price objective on Suncor Energy and gave the stock a “buy” rating in a research note on Tuesday, November 20th. Finally, Macquarie raised Suncor Energy from a “neutral” rating to an “outperform” rating in a research note on Tuesday, October 9th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $51.67.

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About Suncor Energy

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

Further Reading: Understanding Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

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